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Nov 30, 2012
11/12
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thank you for joining us. you can give a sense as to whether this stimulus package is expected to finally revive hopes for japan's economy? >> i'm afraid that we've seen too much of that, it's been already like two decades seeing fiscal and monetary packages coming in on top of an economy that actually needed deleveraging. and there's lots of lessons we can learn for europe on japan's experience. there's really not much you can do. you need to go through that what japan needs is liberalization. opening up to everything you can imagine which comes from a broad labor force to competition. that's what japan really needs. so i am not very positive on this additional fiscal stimulus package. >> is what kind of structural reform are you talking about? because it does seem as though for an economy like japan's, it is fiscal stimulus, it is monetary stimulus that has to come in and avoid a broader downturn. >> as i mentioned, i mean, fiscal and monetary stimulus are welcome when you are in the process of recovery. but
thank you for joining us. you can give a sense as to whether this stimulus package is expected to finally revive hopes for japan's economy? >> i'm afraid that we've seen too much of that, it's been already like two decades seeing fiscal and monetary packages coming in on top of an economy that actually needed deleveraging. and there's lots of lessons we can learn for europe on japan's experience. there's really not much you can do. you need to go through that what japan needs is...
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Nov 13, 2012
11/12
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justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears differences over what the current 2020 is, some are saying 14 #%. but reporting that some of the troy came members are saying this, others saying between 140 and 150. of course they do rely on quite a lot of assumptions about gross tax receipts and spending cuts. >> with a matters isn't the 2020 versus 2022 language. what they're implying is whether the official sector has to take. yesterday we heard smaghi say he thinks a maturity extension will happen. so is that going to extend to the official sector and does it have to in your view? >>
justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears...
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Nov 16, 2012
11/12
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joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of support, but also to try to encourage hamas to deal with the more longer term cease fire. there is a possibility that the turkish prime minister will also visit gaza. so there are s. a lot of international pressure building up on hamas to agree to a cease-fire mainly because everyone is of a phrase of an israeli ground invasion. all signs are that ez really is really building up its forces. 16,000 soldiers have been summoned to their bases. so israel is making every preparation for an invasion of ground invasion of gaza. doesn't mean it could happen. it could just be a show of force.
joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of...
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Nov 15, 2012
11/12
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eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining the challenges ahead for the nation. >> our party faces many challenges and there are many pressing problems that need to be resolved. the problems among our party members of corruption, taking bribes, being out of touch with the people, undue emphasis on formalities must be addressed with great efforts. the whole party must be vigilant against them. >> the problem is, though, that it's still unclear how he's going to tackle all of those challenges and just how aggressive
eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was...
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Nov 9, 2012
11/12
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joining us is stefan. thanks for joining us. how much can we discount hurricane sandy and how much might it be of benefit in terms of helping to harden rates? >> well, as far as it looks now, it's not really an event basically having a big influence on rates. we did have a lot of capital in the reinsurance industry and in that regard, plenty of capacity. so estimated 17 to 20 billion for insurance losses whether not really be enough to have a real impact on pricing. but i think psychologically, it will help to shape rates going forward and especially also next year into july with renewals in the u.s. and worldwide having a small positive impact. but generally the average reinsurance rate environment will not change based on sandy loss only. >> what's your take on the insurers generally speaking, do you like them as group, what are issues they need to face to see share outperformance? >> it will some quite some time to get some decent estimates. there's uncertainties in many regards and clearly estimates my tend upwards from the
joining us is stefan. thanks for joining us. how much can we discount hurricane sandy and how much might it be of benefit in terms of helping to harden rates? >> well, as far as it looks now, it's not really an event basically having a big influence on rates. we did have a lot of capital in the reinsurance industry and in that regard, plenty of capacity. so estimated 17 to 20 billion for insurance losses whether not really be enough to have a real impact on pricing. but i think...
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Nov 19, 2012
11/12
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mike, good to have you with us. just talk me through some of the points from this recent research. >> well, business travel is the leading indicator for the business at large for the economy at large. so going off the fiscal cliff will result in a severe and immediate impact, not only just to business travel, but to the overall economy. this is not a good thing obviously. and something that lawmakers need to work very hard to a vote. >> the up in number of business is set to drop in 2013, but we'd see a pick up in 2014. in other words, if they don't reach an agreement on the fiscal cliff, is it just a nine month bleep and then we recover? >> business travel is a leading indicator. so as companies want to grow top line again, they will invest this business travel at some point. but clearly avoiding the fiscal cliff will be a good thing because companies wouldn't have to go through a severe cut back first before starting that growth pattern again. business travel drives the economy. it's an investment that companies m
mike, good to have you with us. just talk me through some of the points from this recent research. >> well, business travel is the leading indicator for the business at large for the economy at large. so going off the fiscal cliff will result in a severe and immediate impact, not only just to business travel, but to the overall economy. this is not a good thing obviously. and something that lawmakers need to work very hard to a vote. >> the up in number of business is set to drop in...